Retailer BJ\'s Wholesale Club Holdings, Inc. (BJ) announced Thursday that net income for the fourth quarter grew to $145.87 million or $1.06 per share from $129.78 million or $0.95 per share in the prior-year quarter. Excluding items, adjusted net income was $149.84 million or $1.11 per share, compared to $136.69 million or $1.00 per share...
While reporting financial results for the fourth quarter on Thursday, home discount retailer Big Lots, Inc. (BIG) provided comparable sales growth guidance for the first quarter. For the first quarter, the company expects comp sales to improve relative to the fourth quarter and be in the mid-single-digit negative range, as key actions to improve the...
UK house prices increased for the fifth consecutive month in February vindicating the view that the property market is on a recovery path. House prices advanced 0.4 percent from January, mortgage lender Halifax reported Thursday. However, the pace of growth eased sharply from 1.2 percent in January, and was also weaker than economists\' forecast for...
While reporting financial results for the fourth quarter on Thursday, aluminum wheel supplier Superior Industries International, Inc. (SUP) initiated net sales guidance for the full-year 2024, below analysts\' estimates. For fiscal 2024, the company now project net sales in a range of $1.38 billion to $1.48 billion. On average, three analysts polled by Thomson Reuters...
European stocks closed on a firm note on Thursday as investors reacted positively to the European Central Bank\'s inflation forecast, and on optimism about interest rate cuts by the Federal Reserve this year. The ECB decided to leave interest rates unchanged, as widely expected. The ECB expects the eurozone economy to grow 0.6% in 2024,...
After a weak start and a subsequent long spell in negative territory, the Switzerland market recovered and closed modestly higher on Thursday thanks to strong buying at select frontline counters. The benchmark SMI, which dropped to a low of 11,470.77 in early trades, ended the day\'s session at 11,575.37, gaining 28.90 points or 0.25%. Givaudan...
The U.S. dollar weakened against its major counterparts in the New York session on Thursday, as a downgrade of inflation forecasts by the European Central Bank intensified hopes for a rate cut in June. The ECB left the key interest rates unchanged and lowered inflation forecasts for this year and the next. The central bank...
Consumer credit in the U.S. increased by much more than expected in the month of January, according to a report released by the Federal Reserve on Thursday. The Fed said consumer credit jumped by $19.5 billion in January after inching up by a revised $0.9 billion in December. Economists had expected consumer credit to climb...
The U.S. dollar extended its recent weakness and shed ground against its major counterparts on Thursday amid continued bets the Federal Reserve will cut interest rates this year. The European Central Bank\'s policy announcement, its views on interest rates, Fed Chair Jerome Powell\'s congressional testimony, and the latest batch of U.S. economic data were all...
Canadian stocks moved higher and lifted the benchmark S&P/TSX Composite Index to a fresh one-year high on Wednesday thanks to sustained buying at several counters amid rising optimism about interest rate cuts by major central banks. The S&P/TSX Composite Index, which opened modestly higher at 21,629.05, ended the session with a strong gain of 200.60...